Alert to Restrict Report

Question 1

What is an alert to restrict report?

Answer 1

Statement that indicates the audit report is specially intended to be viewed by a list of certain parties.

The auditors will not police who the client gives the report to, this is just a statement that tells other users who the report was intended to be use by.

Question 2

Where is the alert to restrict report located?

Answer 2

Other-matter paragraph in the audit report

Question 3

What is the typical language used in the alert? Governmental alert

Answer 3

The purpose of the report is solely to (describe the purpose of the report).

Report is an integral part of the audit performed in accordance with.

Report not suitable for any other purpose

Question 4

What is the typical language used in the alert for the auditors report?

Answer 4

The report is intended for the information and use of (list the parties) and is not intended to be and should not sue used by anyone other than these specified parties.

Question 5

When are you required to put an alert in the audit report?

Answer 5

• Subject matter is based on criteria that are only suitable for a limited number of users
• The matters are presented in a by-product report that is not primary objective of the engagement